ExchangeHacks

🚨🚨 #ExchangeHacks 🚨🚨
Top 10 crypto Exchanges Hacks
📌 Key Insights from the Image:

🔹 1. Bybit (2025) - $1.5B+ 💰

This hack, is the biggest crypto exchange hack ever.

Bybit is a major exchange known for derivatives trading.

The massive size suggests a sophisticated cyberattack.

🔹 2. Coincheck (2018) - $534M 💸

A major Japanese exchange hack.

Stolen funds were primarily in NEM (XEM) tokens.

Weak security measures contributed to the breach.

🔹 3. Mt. Gox (2014) - $473M ⚠️

Once the largest Bitcoin exchange, Mt. Gox collapsed due to theft.

Hackers exploited security flaws over time, stealing 850,000 BTC.

This event shook the early crypto world and led to stricter regulations.

🔹 4. DMM Bitcoin (2024) - $305M 🏦

A recent breach targeting the Japanese exchange.

Attackers stole funds in Bitcoin and other cryptos.

🔹 5. KuCoin (2020) - $281M 🔓

Stolen funds were recovered through blockchain tracking.

The hacker group behind it remains unidentified.

🔹 6. WazirX (2024) - $234M 🇮🇳

One of India’s biggest crypto platforms suffered a major breach.

Details about how the attack happened remain unclear.

🔹 7. BitMart (2021) - $196M 🔥

Hackers stole assets across Ethereum and Binance Smart Chain.

Private keys were compromised, leading to a large-scale withdrawal.

🔹 8. Bitfinex (2016) - $72M 🏴‍☠️

A high-profile attack that resulted in Bitcoin being siphoned off.

Some of the stolen BTC was later recovered by authorities.

🔹 9. Upbit (2019) - $51M 🚨

A South Korean exchange lost 342,000 ETH in a hack.

Suspected involvement of North Korean hackers.

🔹 10. Binance (2019) - $40M 🛑

Hackers used phishing and API attacks to steal Bitcoin.

Binance covered user losses with its Secure Asset Fund for Users (SAFU).

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💡 Takeaways & Lessons Learned

✔️ Security is Crucial 🔐 – Many hacks happened due to weak security, hot wallet vulnerabilities, and lack of multi-signature protections.

Important Facts About Exchange Hacks 🔍

✅ Binance was hacked—No user lost money.
✅ Poloniex was hacked—No user lost money.
✅ BingX was hacked—No user lost money.
✅ A user lost 3 BTC because of CoinDCX’s mistake, but they paid him back.
✅ Bybit was hacked—No user lost money, and withdrawals were back in 30 minutes.

❌ WazirX? Just blaming others—7 months and still no update!

💡 Some exchanges protect users, others just make excuses. Choose wisely

#CryptoSafety #ExchangeHacks #UserProtection